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] ladies and gentlemen, mr. arnold palmer. [applause] >> thank you. mr. speaker, members of congress, reverend clergy, ladies and gentlemen. this is not my first time, so bear with me a little bit. i prepare this wonderful occasion, and i thought about what a thrill it was last time i had the opportunity to address congress in these halls. that was in 1990. on the 100th anniversary of the birthday of president and general dwight eisenhower. i was fortunate enough to have had a warm and rewarding french ship -- friendship with the president, and the last of his years were wonderful. we enjoyed a little golf and a lot of fun. it was a great honor to be able to be with him, a great american. he was that. it was a pleasure for me to spend some time with him. i have had some feelings about this distinguished award that members of congress -- in fact, particularly proud of anything that the house and senate agree on. [applause] it is humbling to realize that just six athletes had this award, this gold medal award. roberto clemente. jackie robinson. joe louis. recently, or golfing buddy, ne
. this is the same congress that's been behaving this way for two years. >> thank you, joy read, thank you clarence page. on sunday on "meet the press" david will interview president obama. >>> up next, whatever became of john boehner? now he can't get his own house to approve his plan b and mostly on the sidelines, a mutual observer watching the fiscal cliff negotiations with the rest of us. this is "hardball." [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. ahh, cloudy glasses. you didn't have to come over! easy. hi. cascade kitchen counselor. look! over time, cascade complete pacs fight film buildup two times better than finish quantum to help leave glasses sparkling. cascade. the clear choice. [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainmen
. >> pastor rick, happy holidays. >> thank you very much. merry christmas. >> that's all for us. merry christmas. christmas. >>> from cnn world headquarters in atlanta this is "early start weekend." what do you want to tell congress about the fiscal cliff? we'll have your video messages. >>> the woman accused of pushing a man in front of a subway is now being charged with a hate crime. now she's saying why she did it. >>> wow, a plane crash caught on tape, the story. hind this dash cam video of an exact moment a jet slammed into an overpass. >>> it's sunday, december 30th, good morning, i'm allisison kos. randi kaye is off today. we're going to start this morning in washington where all eyes on capitol hill as lawmakers try to work out on a deal to avoid the fiscal cliff. the deadline is less than 48 hours away and as to whether they can get it done, the president says he's hopeful. >> i'm modestly ll lly optimis an agreement can be achieved. let's make sure that middle class families and the world economy aren't adversely impacted because people can't do their jobs. >> both houses of
. guest: thank you. >> both chambers of congress are in tomorrow for zero unfinished business. the senate is in at 1:00 eastern. assistant secretary of housing and urban development and assistant attorney general of the justice department. votes are scheduled at 2:00 eastern. by coverage at c-span2. the house returns at 2:00 p.m. eastern with both as early as 6:30. legislation ranging from better rents and education to foreign aid. the house rules committee is planning on a possible meeting sunday to discuss terms for a fiscal cliff deal that could be on the floor as early as monday. watch live coverage of the u.s. house tomorrow here on c-span. >> more news on the fiscal cliff negotiations. according to the hill, president obama monitor talks from the white house and has indicated he would support legislation that would raise taxes on those who earn more than $400,000. harry reid has scheduled a democratic caucus meeting for tomorrow afternoon to discuss any potential deals. minority leader mitch mcconnell says he would do the same period in the house, speaker john boehner has said the s
in spending right now. >> arthel: thank you very much. >> gregg: congress is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that would prevent milk prices from rising. >> arthel: to other stories. a judge ordering a psychiatric evaluation for a woman suspected of shoving a man off a new york public is way platform. he was arraigned last night on murder and hate crime. she confessed to pushing a man in front of a moving train telling them, i hindus and muslims. co-worker was was behind due. >> gregg: two missing boys from georgia have been found in texas an amber alert was issued, ages nine and seven when they didn't come back from a visit from their dad on wednesday. somebody recognized the trio and caught up with
i appreciate you all be near. on behalf of my colleagues in the united states congress, i will ask that you all join me in a moment of silence in tribute to ambassador stevens and the united states personnel who were killed in libya at this morning. thank you. since the days of the american revolution, congress has commissioned gold medals as the highest expression of appreciation for distinguished achievements. the first recipient was general george washington in march of 1776. today, we will present a congressional gold medal to arnold palmer of the commonwealth of pennsylvania. those of you who participate in these events regularly may notice the stage is set up a little differently than usual. we thought it would be more fitting to do so on this side of the rotunda and honor some of the presidents of that arnie knew so well. president gerald ford used to say "you know arnie's army." president ronald reagan. and of course president eisenhower who did a lot for the game of golf. the story goes that eisenhower i asked to play the winner of the 1968 masters championship. that turne
eyes on the clock. thanks for staying with us. i'm maureen umeh. come new year's eve when we count down to midnight, we're counting down to the so-called fiscal cliff. if congress does nothing, taxes go up on everyone. mike emmanuel has more. >> reporter: lawmake -- lawmakers return to capitol hill in a last-minute attempt going over the fiscal cliff. congressional leaders are looking to avoid tax hikes on most americans but key disagreements on eptitlesments and tax rate thresh finds remain. president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm a lifeguard and we have to save as many people from drowning and higher taxes as we can. >> reporter: in the weekly address to the nation, president obama urg
are in a standoff for the middle class. >> senator, always good to see you and thank you for talking with us tonight. >>> american's frustration with congress may well be summarized in this simple statement. in terms of output, the 112th congress has been the least effective in decades. in part, because of the rising influence of the tea party. that's ahead when our special coverage continues, in a moment. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. gentleman yields back the balance of his time. the gentlelady from florida is recognized. ms. ros-lehtinen: i yield such time to the gentleman from >>> this is live, the floor of the house
latest story -- and the cook, thank you for joining us. guest: thank you for having me. we are at this late hour. all of these tax hikes and spending cuts are slated to take defect in the new year. congress and the white house had spent seven weeks of bickering over all these different elements of the this clip. as you know, there are many elements. many tax provisions, a lot of spending cuts, and at this point, any deal that is reached will not deal with a lot of these things. it is going to potentially make some tax cuts for below $250,000. it will potentially patch the alternative minimum tax. it will not deal with the payroll tax holiday. the most likely will not deal with the sequester. it may earn -- it may or not deal with tax breaks for businesses. for all these arguments and ongoing things about these tax and spending issues, in the end, we will get any compromise, if at all. host: we hear about the flurry of proposals that happened yesterday. any details that emerged from that that will tell us more about what we might be fighting over at the end? is it just numbe
on the hill to see what you get today. we wish you all the best in finding a solution. >> thank you. >> the president is blaming congress, specifically republicans in the house, republicans blame the president. who do the american people think is at fault? we have our spokesperson for the dnc and for the rnc. >> good to be with you. we be that the polling is not good for anybody in washington, when it comes to this issue. yet, the president comes to come out, polling the best of anybody involved, taking the least blame. doug, how do you swing that? >> the numbers are the republicans are in dangerous territory. you have basically, around 54, 55% of the public who say they would blame the republicans if there is no deal made. one poll i saw, cbs, had approval rating for congress, 11%. really, the president has them in the corner, arguing against tax cuts for the middle class. i think that is not where the republicans want to be. ultimately, i think they are going to have to step back. i don't know -- i doubt they will be able to do a big thing in the next two days, i think they will d
's already been ten hours. thank you. >>> a rare sunday session for congress. all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income earners. the president knows neither side is going to get everything they want, and he thinks it's time for house republicans to compromise. it is very important for republicans in congress to say we aren't going to get 100%, at the need to compromise in order to solve problems. >> if there is enough in the agreement for republicans to be able to support it, and we can get a majority of republicans in the senate and a majority of democrats in the senate, then i think there's a good opportunity for a majority of democrats a
't want just to say the word. i want to make a difference. >> well you already are and i thank you on behalf of not only the library of congress and the children's book counsel and every child of reader but on behalf of the audience and for our country. it's a wonderful job you are doing. let's give walter dean myers a round of applause. [applause] we continue our coverage of the international summit of the book with a panel titled "the role of cultural institutions in fostering the future of the book." this is about 50 minutes. [applause] >> now we are coming to the second session of our day. it will be a panel discussion on the role of cultural institutions in the role of fostering the book. i will turn to our moderator to introduce the panelists once we are all on stage. a distinguished figure in publishing and journalism and i'm sure you've heard of them. president publisher random house trade group, the founding editor of mass traveler magazine, editorial director of the vice president of "u.s. news and world report" for the daily news, "atlantic monthly". currently he is edit
and the new congress will have to start all over again. >> eric: all right. thanks. >> coming up, russia has banned adoptions by u.s. families. coming up, we will speak with a couple in the process of adopting this little boy, about their ordeal and how right now, they can't bring him home and give him the life that they say he deserves. >> eric: we will give smuadvice about how young people can start now for planning for their retirement. that's right, without breaking the bank. advice on building, not breaking your nest egg, as you get older. >> we are just 48 hours away from new year's eve. why is all that confetti falling now? we will have an answer, coming up. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year a
the automatic $492 billion in cuts to the pentagon over the next nine years is for congress to make a deal in the next two days. harris? >> peter, thank you. fox weather alert now. a new headache for travelers. tonight a fresh storm system is pummeling the northeast. as you know much of the region and really the rest of the country are recovering from the winter storm that hit earlier in the week. this new round of weather bringing even more snow, freezing rain and strong winds already causing some flight delays and making the roads dangerous. meteorologist justin povik with the accu-weather. justin? >> harris, i tell you, we cannot catch a break across the northeast and the nation's midsection. not to leave out the west coast. they have been stormy and wet, especially around san francisco. the meat of the storm system has been targeting the ohio valley and the northeast, and the latest is doing its dirty work across the coastal sections. the i-95 corridor. the worst of the worst we will target boston over the course of the next three to four hours approaching an inch an hour. snow totals
years is for congress to make a deal in the next two days. harris? >> peter, thank you. fox weather alert now. a new headache for travelers. tonight a fresh storm system is pummeling the northeast. as you know much of the region and really the rest of the country are recovering from the winter storm that hit earlier in the week. this new round of weather bringing even more snow, freezing rain and strong winds already causing some flight delays and making the roads dangerous. meteorologist justin povik with the accu-weather. justin? >> harris, i tell you, we cannot catch a break across the northeast and the nation's midsection. not to leave out the west coast. they have been stormy and wet, especially around san francisco. the meat of the storm system has been targeting the ohio valley and the northeast, and the latest is doing its dirty work across the coastal sections. the i-95 corridor. the worst of the worst we will target boston over the course of the next three to four hours approaching an inch an hour. snow totals across the interior north ease ranges from 6 to 12 inches and t
and complain until they do. thank you. guest: constituent just reelected a whole bunch of members of congress. at the chance to send a message would have been november 6. constituents, at the markets we were talking about earlier, what is going to be the pressure point? guest: market initially. that is like a daily poll on how people feel. that first weekend back after a go of the cliff, and they will be hearing from their constituents. a lot of members are hoping that that happens. they hope that will happen. we need the peasants from the castle with pitchforks. guest: we should also be clear that some of the intractability we see on the is because they are expressing the wishes of their constituents. the tea party groups was pretty explicit about not compromising. they prefer that their members expand on ideological positions and not compromise. to some degree we have to honor that they go representation of the constituents. the problem is the system of government we have with the house and the senate controlled by different parties is that with our current institutions, having that kind of
. thank you. guest: interesting. constituents just reelected a bunch of members of congress. the chance to send a message would have been about november 6. host: what is more pressure on congress? is it constituents being upset? is it the markets? what will be the pressure point? guest: the markets, initially. that will be the way voters and investors expressed themselves. that is like a daily: how people feel about what is going on. if we go over the cliff in the markets tank, they will be hearing from their constituents. a lot of members of congress are hoping that will happen. it will be what it takes to move the needle. we need the peasants to storm the council. guest: we should be clear that some of the intractability on the hill is because they are expressing the wishes of their constituents. the tea party group was explicit about not compromising. they preferred their members take stands on theological positions and not compromise. that is how they wanted to be represented. to some degree, we have to honor the faithful representation of constituents. the problem is the system of
- to create options for you. not only that, we're using what we learn from these partners thank you. m, o wh you find the jt you'll be a perfect fit. let's get to work. >>> congress is talking fiscal cliff today, although the senate convened earlier this afternoon there is no deal in sight as yet. elliott engle is a democratic congressman from new york and he joins me live now from washington. thank you very much for being with us, representative. >> thank you, my pleasure. >> so from your perspective, why are the talks at a stand still now at this crucial time with literally hours left? >> well, of course, john boehner, the speaker, has said that he wants the senate to work out a deal and that if they work one out, they will send it to the house and we will deal with it then. so, they are busy working it out. you have negotiations at the last minute i zrnt have to be this way, shouldn't be this way, anything possible, i think we will pull it out. >> why do you think that? what gives you any level of optimism, given not just today but this problem has been around for a year and a half, if no
days looks to be on thursday. >> ama: thank you. still to come, falling off the fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say >> ama: our breaking news from the south bay. san jose firefighters are battling a two-alarm fire in an important building -- an apartment building. firefighters say a second floor apartment is fully engulfed in flames. there's a report of one injury to a person suffering smoke inhalation. >> a family is grieving the loss of a father and son. the father tried to save his nine-year-old son who was overtaken by a wave. both victims were pronounced dead after rescuers recovered them off the shore. >>> san francisco police are looking for the man who robbed a woman, then killed her dog, last night. the 12-year-old pekingese was thrown on the street in front of traffic. a witness to the crime is offering a $1,000 reward to cap
. the congress won't allow to the happen. but at least in our thinking, in the administration's thinking, they could pool resources and look at trade- offs between defense and state. >> barry, thanks very much. at least that's a hope for to 13. >> i hope. so thank you very much. >> coming up, how the pentagon and intelligence agencies are exploiting social media. you're watching "this week in defense news." >>> when pentagon officials talk about intelligence surveillance and reconnaissance, known as isr, they usually mean optical radar and electronic eavesdropping but humans are becoming unwitting sensors and the pentagon and u.s. intelligence agencies are trying to harness population centric isr. the 400 million tweets sent around the world each day can be mined for valuable intel clues. and with the right software and technology, spy agencies can turn all that data into a powerful predictive tool. aram roston is the editor of a siser to publication to defense news and is the author of the cover story, unwitting sensors, how dodd is exploiting social media. aaron, welcome to the show. >
, thanks to what is being called the dairy cliff. milk prices could double to a whopping $8 a gallon. if congress doesn't pass an extension to the u.s. farm bill and everything from your favorite treats at the grocery store to the nation's dairy farmers can be affected. our affiliate in nashville spoke to one farm about this. >> i'm 54 years old and i'm one of the youngest dairy farmers in the state. everything has to be washed, sterilized. >> reporter: to understand that -- >> get up, come on. >> reporter: you must first understand this. >> i was born into it and grew up doing it. >> reporter: his grandfather once owned cumberland meadows daro. >> we are farmers and this is our family farm. >> reporter: bob is out here at 4:00 a.m. and 4:00 p.m. each day. >> they like the radio. that's why it's on. >> reporter: he works harder in a 12-hour span than most of us work in a lifetime. so, you can imagine why he thinks it's utterly ridiculous that congress can't work together to help him out. >> i don't have a lot of confidence in congress. >> reporter: the farm bill will expire. the pric
it now. uke messer,tative lo thank you for being on "newsmakers." let me turn to our reporters for a bit of a rapid conversation. he is the freshman president for public and, coming into the 113th congress. who are they? >> they are a very diverse bunch. there are some people who are new to politics. but a lot of them are long lines of luke messer, who have been in government at many levels. they're able to see a little bit more context than some of the fire breathing -- for lack of a better term. it will be interesting. it is not that much smaller of the freshman class, and there are fewer republicans, but they seem to be oriented toward public policy and any number of ways. >> is indicating he would support speaker boehner for the 130th congress. are they going to get along in this group -- 113th congress? are they going to get along in this group? >> there were a lot of problems during the debt negotiations. democrats had to step up and vote for the proposal to give it to pass. that is a fair question for this freshman class. are they going to support speaker boehner, or are they not?
the full impact of the fiscal cliff. it will allow congress to again take another crack at finding some way to deal with spending cuts and tax reform. gerri: stay with us, ricedson. thank you so much for that report. turning now to our guests. it's up to harry reid and mitch mcconnell, the two leaders in the senate. tryi to craft something. how likely is it that there would be a bill that passed the senate and house? after all, that is the problem we have had a long. >> well, first, we have not seen any details of this package. we are talking completely off-the-cuff, but we know will not be at 250. i think carrie reed has problems from new york like dianne feinstein of california, and 250 will be a big pill to swallow. this is a fcal cliff that we can have 50 days, 60 days down the road. it does not fix the problem if you will have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-second deals. gerri: okay, let's get
headlines this week. >> thanks, maria. here's what's making news as we are heading into a new week and new year on wall street. congress is working the weekend, attempting to avert some part of that $6 billion in automatic tax increases and the spending cuts that are set to kick in on january 1st. that fiscal cliff and its potential impact on our economy brought lawmakers from both houses to washington for last-minute negotiations. concerns about the cliff spooked investors, the holiday shortened trading week was lighter in volume but higher in volatility. the worst decline of the month on thursday after a disappointing read on consumer confident and some public statements by congressional leaders. and yet with one final trading day to go, all the major averages were still showing positive performance for the year of 2012. meantime, the u.s. is set to reach the debt limit on monday. that according to treasury secretary tim geithner in a letter to congress, though, he did say he expects to take what he called extraordinary measures to extend the government's borrowing ability for another tw
. thank you all for joining us. todd, we're talking about congress. this is a big moment for congress, obviously. but give us the perspective from the president's point of view. how important a moment right now is this going to be a test for president obama. >> i think it's a very big moment and sets the term for a second term. he thinks i has the public behind him and campaigned on these issues and won. the problem is, individual members of the house who outpolled him in their districts don't share that view so i think the stakes are very high for him and he has got to deliver something too and he knows it and that's why he's back here and maybe something will happen in the next 24 hours. >> you've seen the polls, governor pawlenty, by a large margin people right now are blaming republicans for this mess and made it clear if we go over the fiscal cliff, it's going to be republicans that will pay the price. >> well, the polls, of course, are a reflection of a moment if time but, you know, i had some of these issues in minnesota. i had the first government shut down in the history of m
taking things down the road. thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does n move fast, you're going to get note that the supermarket, and you're going to pay a lot more fr that milk and cheese . hurricanes and the victims need help. waington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. tr
of the list, hope some of it doesn't come true or all of it. thanks, ryan. >> thank you. >> clayton: happy new year, we're nearing d-day, less than 48 hours before we hit that fiscal cliff, will congress and white house be able to reach a deal? we'll have a live report from washington at the top of the hour. then he's one of our favorite neurotic guys on television, larry david. >> you come down the hall and you wouldn't let me get by and signed in ahead of me. and my appointment was 11:30, yours is 11:45. >> it turns out being neurotic may actually be good for you. >> clayton: oh, finally, something i can hang my hat on. ♪ initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. nly align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retai
withholdings on january 1. it's going to take a few weeks for that to kick in. so if congress doesn't work out a deal by the deadline but can figure out something shortly thereafter, there is a chance that people won't see an increase. >> o'donnell: major garrett and nancy cordes, thank you so much. and we will be right back. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. rig
is that congress could ruin a good economy. for perspective, we will talk to a republican from tennessee, representative marcia blackburn. thank you for being with us. >> good to see you, yes. >> i know we have talked about this many times and individually, you are all not to blame, but people are angry, and they do, and it does stand out when we say that we did know this was coming. 516 days ago, we dealt with the debt crisis which is one of the most stupid and low moments of american political and economic history and 12 years ago, we knew that the bush tax cuts were going the expire in initially ten years and then in two more years. what possible explanation could there be to the american people as to why we are all struggling with less than 30 hours to go to come up with a deal? >> well, and first of all i would say that i am pleased that people are outraged. i'm pretty outraged also when you look at the fact that the senate has not sent legislation back to us. you know something, ali, leaders make choices and choices have consequences. and the choice that the senate made was to not
. in the meantime, bye-bye 2012. thanks for joining us. today on "face the nation." with the country set to fall off the fiscal cliff in just hours, time is running out for congress to make a deal. and what a difference a day makes. on thursday, things looked bleak. >> speaker boehner is unwilling to negotiate we have not heard a word from leader mcconnell. nothing is happening. >> we wanted an agreement, but we had no takers. >> o'donnell: it took a trip to the white house and a package scolding from the president. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> o'donnell: but by week's end, senate leaders agreed to make a last-ditch effort to get a deal. >> so i'm hopeful and optimistic. >> i'm going to do everything i can. i'm confident senator mcconnell will do the same. >> o'donnell: we'll have the
to be an argument for years in congress about how to restructure the tax code. >> i think your characterization going to go down in history. it's a big complicated thing. thanks very much for that. coming up next, the u.s. economy is on the verge of taking off. but the fiscal cliff mess could get in the way. how much could eexpect in 2013 with a deal or without a deal. well, i guess i can double check... my watch! [ male announcer ] it pays to double check, with state farm. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. >>> welcome back to "your money," we welcome our viewers here in the united states and around the world. breaking news on the fiscal cliff. there's been a significant snag in the negotiations with just fewer than two days remainin
or not to bring it up for a vote in this session of congress and this session ends on thursday. and if lawmakers don't get it by then, the senate bill will expire and the next congress will have to start on it all over again. >> molly, thank you, you talked with congressman mick mulvaney. we talk with him more. >> republicans are firing back about how the grand ol' party is handling fiscal cliff negotiations. why they say the president needs to stop the blame game and start leading. fair and balanced debates when we come back. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> our continuing conference of the fiscal cliff in this special edition of the fox report. the saying during an interview today it's the house republicans to blocked any potential deal by refusing to accept tax hikes on the wealthiest americans. house speaker john boehner said, quote, americans electe
to be here. thank you. >> the obvious question, are we going to go over the fiscal cliff? >> we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight december 31, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they are less likely to hire, and the whole economy could slow down at a time when the economy is actually starting to pick up. we are seeing signs of recovery in housing and in employment numbers improving. and so what congress needs to do, first and foremost, is to prevent taxes from going up for the vast majority of americans. and this was a major to
back to "meet the press." >> great to be here, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and we're seeing signs of recovery in housing and employment numbers improving. so what congress needs to do first and foremost, is to prevent taxes from going up for the vast
. it's an interesting read to see what's happening in the country. thank you so much. happy new year to you. >> thank you. happy new year to you, too. >>> we are getting close to the top of the hour. if you haven't heard the president's message to congress, stick around for the interview on "meet the press." we'll hear from senator debbie stabenow from michigan talking act the negotiations. stay with us. at pink castle thi. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoo
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